Royal Sundaram Bike/Two-Wheeler Insurance 

In 2000, The IRDAI approved Royal Sundaram General Insurance Co. Limited as the first private sector general insurance firm in India. Sundaram Finance first pitched the firm as a joint venture. Other Indian Shareholders consider the firm to be one of the most recognized non-banking financial institutions (NBFCs) in India. 

Royal Sundaram employs approximately 2000 people over 158 locations in India. Its products are supplied through a variety of channels, including agents, distribution partners, affinity partners, brokers, and the internet. Individuals, families, and organizations have benefited directly from Royal Sundaram’s unique general insurance products. Individual clients can purchase Car Insurance, Two-Wheeler Insurance, Health Insurance, Personal Accident, Home, and Travel Insurance from the firm. Let’s take a look at the Royal Sundaram General Insurance Co.’s two-wheeler insurance coverage. 

What is bike insurance? 

Two-Wheeler insurance is simply protection against damage to the bike or to a third party that may occur as a result of an accident. Bike insurance also covers the vehicle owner financially in the event of natural or man-made disasters. A contract between a vehicle owner and an insurance provider is known as bike insurance. Two-Wheeler insurance protects your two-wheeler financially. All sorts of two-wheelers, such as motorcycles, mopeds, scootys, and scooters, are covered under the bike insurance policy. 

List of best Royal Sundaram Two-Wheeler/Bike Insurance

Third-party two-wheeler insurance

The policy that covers owner-drivers against any damages made to a third party while the insured person’s vehicle is at fault is known as third-party two-wheeler insurance. This insurance will cover any financial liabilities that may occur as a result of the accident. According to the Motor Vehicles Act, 1988, it is the primary and essential bike insurance coverage in India.  

The Royal Sundaram third-party bike insurance coverage ensures that clients are covered in the case of an accident. Third-party coverage insurance costs are reasonable and affordable to everybody. It is a very cost-effective solution. A Third-party two-wheeler insurance policy covers the following events- 

• Third-party property damage financial liabilities – Any third-party property damage caused by an accident or incident involving the insured bike. 
  
  
• Injury to a third party’s body/death of a third party – Compensation in full or in part for any bodily harm or death caused by the insured bike to a third party. 

Comprehensive two-wheeler insurance

This policy covers policyholders against third-party liability as well as their property damage. In the case of an unanticipated incident, the insurer is responsible for all damage to the covered bike as well as any harm caused to a third party by the insured bike.  

The complete third-party coverage will cover your two-wheeler against fire, theft, natural or man-made disasters, and more, 24 hours a day, 356 days a year. The following are examples of incidents covered under the Comprehensive Two-Wheeler Policy- 

Liabilities of third parties

All legal and financial responsibilities for any third-party injury, damage, or loss caused by the insured bike in an accident or incident. 

Natural disasters

Protection from natural disasters such as earthquakes, storms, floods, and landslides, among others. 

Man-made disasters

Man-made calamities, such as riots, fires, strikes, and terrorist activities, inflict significant damage. 

Theft

If the bike is stolen, the policyholder is covered. 

Owner Damage Two-wheeler Insurance

Along with the third-party insurance, Royal Sundaram’s standalone own-damage covers are a wise investment. In a variety of instances, it provides coverage for own-damage costs. Furthermore, having reimbursement for losses in times of crisis gives the policyholder a sense of security and financial stability. The following are some of the things that an Own-Damage insurance policy will cover. – 

• Accidents on the road that cause harm to a two-wheeler in any way. 
  
  
• If the two-wheeler is damaged as a result of a fire or explosion. 
  
  
• Instances where the two-wheeler has been stolen. 
  
  
• Cases in which a two-wheeler is wrecked by a natural or man-made disaster. 

Royal Sundaram bike Insurance- Reviews

The IRDAI has granted a license to Royal Sundaram General Insurance, the first non-life insurance firm. It is undeniably one of the best insurance companies, with over two decades of experience and expertise. For its high-end customer service delivery, the company’s accident and health claims procedure has been certified by ISO 9001-2008. It’s also the first insurance company to provide cashless payment options. A reliable business is one with the best claim policies. With a claim payout rate of 92.66 percent, the firm has helped more than 45 lakh consumers. 

Important Benefits of Royal Sundaram bike Insurance

The following are some benefits of getting insurance for your Two-wheeler from Royal Sundaram- 

Defend Against Inflation

Even if the Third-Party premium increases throughout the policy period, you will not be required to pay any more premium. You will be protected from inflation by the company. In the event of inflation, there will be no additional costs. 

Minimal documentation is required

For the duration of the policy, only one policy paper will be issued. You are not required to manage many documents. Also, for settling the claim, you may claim in just a few steps. You will not be bothered with paperwork by the firm. 

Quick Claim Settlement

Claim settlements are completed in ten working days. The company believes in the satisfaction of its clients. As a result, it has an easy and speedy claim settlement policy. 

Lumpsum Payment

For a term of two or three years, you may purchase or renew two-wheeler insurance. You may also pay a lump sum payment if you do not want to miss any premium installments. You may purchase insurance for a longer period with only one payment. 

24*7 assistance

The firm offers a speedy response time to your inquiries. Their website allows you to reach them at any time. They will be available to help you whenever you require it. 

Royal Sundaram bike Insurance Care Numbers / Contact details

To know about the details of bike insurance and to solve your queries, contact us via- 

Call – 1560 258 000, 1860 425 0000, 1800 568 9999 

Email – [email protected] 

You can also visit our website www.royalsundaram.in for more information. 

Features of Future Royal Sundaram bike Insurance

The following are some features of Royal Sundaram Two-Wheeler Insurance Insurance – 

• Third-party liability, stand-alone own-damage coverage, and all-inclusive plans are available. 
  
  
• Long-term coverage and premium-hike protection are available. 
  
  
• Over 3300 garages are part of the Royal Sundaram network across India. 
  
  
• Covers financial losses incurred as a result of stolen two-wheelers and while in transit. 
  
  
• Individuals’ bodily injuries and third-party responsibilities are addressed. 
  
  
• Personal accident coverage of 15 lakh rupees is included as standard. 
  
  
• Compensation for damages caused by natural disasters and man-made events. 
  
  
• Additional optional add-on policies are available from Royal Sundaram Insurance. 
  
  
• There is only one policy paperwork for the full 2- to 3-year insurance duration. 
  
  
• Optional coverage for an unidentified co-passenger is also available. 
  
  
• In the event of a single claim during the policy’s three-year term, the NCB will not be zero. 
  
  
• Premiums can be paid online using a variety of payment methods. For long-term coverage, you can just make a one-time payment. 

Royal Sundaram bike Insurance Coverage

The Royal Sundaram Two-Wheeler Insurance provides coverage of the following happenings or events- 

Protection from natural disasters

The firm insures your bike against a variety of natural disasters. Fire, explosions, lightning, earthquakes, cyclones, storms, hurricanes, frost, hailstorms, and many more natural disasters are among them. 

Liability to other parties

You are also protected from third-party liability by the firm. Third-party damages, such as bodily harm or death, are covered, as well as damage to third-party property. 

Protection against man-made disasters

Protect your car from a variety of man-made disasters, including burglary, riot, strike, externally caused accidents and many others. 

Insurance for one’s car

If your bike is destroyed, you can get coverage for it. In the case of a bike accident, you’ll also be covered for the rider’s bodily injuries. 

Stealing

Royal Sundaram General Insurance provides theft protection for your motorcycle. They will claim your two-wheeler if it is stolen. 

Damage to one’s body

The insurance covers any damage to the vehicle caused by a little or major accident. 

Discounts offered by Royal Sundaram Two-Wheeler Insurance 

The company provides the following types of discounts to its clients- 

No Claim Bonus

Royal Sundaram Insurance gives you a reduction on your own-damage premium for every year you go without filing a claim. This discount indicates that if you haven’t claimed in the previous year, you will receive a discount on your premium the following year. 

Anti-theft Device Discount

You are qualified for this if you have installed an ARAI-approved anti-theft system in your car. Your own-damage premium might be reduced by up to 2.5 percent more. 

Automobile Association of India (AAI) member

You can eligible for this discount if you are a member of any Automobile Association of India. You can obtain a 5% (or a maximum of Rs.50) reduction on your damage premium. 

Voluntary Discounts

When your car is damaged and a claim is filed, the deductible is the amount you agree to pay. A higher deductible means a cheaper premium and vice versa. 

Exclusions of Royal Sundaram bike Insurance- 

The following are some exclusions of Royal Sundaram Two-Wheeler insurance- 

• If you do not have a District Driver’s License and are involved in a car accident. This organization will not provide you with any type of insurance claim after that. 
  
  
• If your car is damaged as a result of a nuclear threat or a war, this firm will not be liable. 
  
  
  
• You will not be eligible for a claim if the vehicle is utilized for hire or reward, speed testing or racing, or reliability trials. 
  
  
• The coverage does not cover depreciation or any other consequential loss. 
  
  
• When your automobile has a mechanical or electrical failure, you will not be awarded a clear claim. 
  
  
• If you get into a mishap while driving under the influence of any form of intoxicant, such as alcohol, and you are hurt or your car is damaged. In this instance, you will not be entitled to claim this company’s insurance. 
  
  
• This firm does not cover any damage to the vehicle’s tubes and tires. 

Add-ons of Royal Sundaram Bike insurance- 

The company provides the following add-ons with its insurance policy- 

Zero depreciation Cover

Two-Wheeler insurance with zero depreciation provides complete coverage without taking into account depreciation. With Zero Depreciation added to the comprehensive coverage, the insurer does not deduct any money from the claim amount for depreciation. 

No Claim Bonus   

If you do not file any claims throughout the year, you will receive a 20% discount on the next year’s premium. It can go up to 50% if you spend three years without filing a claim. 

How to Claim for Royal Sundaram bike Insurance? 

To get the claim of the insurance, you need to follow the below-given steps- 

Step 1 – Contact Royal Sundaram General Insurance- 

The first stage in settling a claim is to notify the insurer within 24 hours of the damage of the insured’s bike. You may reach out to your insurer by calling their toll-free number or sending us an e-mail. 

Step 2 – Make a Claim- 

Following the notification, a corporate executive calls you. Your claim intimation will be assigned a claim registration number, which will be used to identify it. The executive gives you directions to the nearest network parking facility. 

Step 3 – Damages Survey- 

A surveyor is dispatched by the insurance company to inspect the damage to the insured’s bicycle. The surveyor should get the policy documents as well as the mentioned documents. 

Step 4 – Settlement of a Claim 

The cashless facility is set up at the nearest network garage when the surveyor verifies the information. The insurance covers all financial and legal obligations, as well as the costs of repairing the insured’s bike. 

Documents required to claim Two-wheeler insurance policy- 

• Policy number 
  
  
• Name of the insured 
  
  
• Name of the driver and driving license details 
  
  
• Details of the insured vehicle 
  
  
• Date and time of the accident 
  
  
• Location of accident/theft 
  
  
• Brief description of the event 

Rules for filing a bike insurance claim- 

When claiming bike or scooter insurance, keep the following rules in mind: 

• After the repairs are completed, you may need to bring the car back in for a re-inspection. 
  
  
• Only after confirming your documentation and ensuring that everything is in order will you be provided a cashless facility. 
  
  
• To get your bike, you must fill out a satisfaction voucher and pay any fees (such as deductibles). 
  
  
• For non-cashless or reimbursement claims, an invoice with a cash receipt is necessary for claim settlement. 

FAQ